The Strategy Paradox
Encyclopedia
The Strategy Paradox is a business strategy book by author Michael E. Raynor
, who is the Distinguished Fellow with Deloitte Research. The Strategy Paradox was published in 2007 by Currency/Doubleday. It was named a top ten book of 2007 by BusinessWeek
, and a top five strategy book of 2007 by Strategy+Business.
Michael E. Raynor
Michael E. Raynor is a Canadian writer, director at Deloitte Consulting LLP, and an expert on business management practices.-Biography:...
, who is the Distinguished Fellow with Deloitte Research. The Strategy Paradox was published in 2007 by Currency/Doubleday. It was named a top ten book of 2007 by BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
, and a top five strategy book of 2007 by Strategy+Business.
Synopsis
The Strategy Paradox, the title and focus of the book sets up a ubiquitous but little-understood tradeoff. The tradeoff is that most strategies are built on specific beliefs about an unpredictable future, but current strategic approaches force leaders to commit to an inflexible strategy regardless of how the future might unfold. It is this commitment to uncertainty that is the cause of "the strategy paradox."Reviews
- National Post With the right strategy, you can take big risks and win. By John Worsley Simpson, Financial Post http://www.canada.com/nationalpost/story.html?id=0e464e31-a96c-448b-aeff-7053d7e9a595
- BusinessWeek Sidstepping Disaster. By Dean Foust http://www.businessweek.com/magazine/content/07_12/b4026106.htm?chan=search
- The Financial Times Take a strategic risk but hedge your bets. By Fergal Byrne http://www.ft.com/cms/s/f53891f0-cc50-11db-a661-000b5df10621.html
- Boston Globe For CEOs, admitting uncertainty can be the key to success. By Robert Weisman http://www.boston.com/business/globe/articles/2007/07/01/for_ceos_admitting_uncertainty_can_be_the_key_to_success/
- Harvard Business Review By Anand P. Raman http://harvardbusinessonline.hbsp.harvard.edu/hbsp/hbr/articles/article.jsp?_requestid=36546&ml_subscriber=true&ml_action=get-article&ml_issueid=BR0705&articleID=BooksInBrief&pageNumber=1
Further reading
- Raynor, M. E. 2005. Strategic Flexibility: Corporate-level Real Options as a Response to Uncertainty in the Pursuit of Strategic Integration. In Bower, Joseph L., and Clark Gilbert, eds., From Resource Allocation to Strategy, UK, Oxford University Press. Chapter 14.
- Raynor, Michael E. 2002. Strategic Flexibility: Charting a Path Through Uncertainty. Convergence Magazine (South African edition), Vol. 2(4).
- Raynor, Michael E. 2002. Make Peace with Business Uncertainty. Optimize. August.